Businesses

Small Protest Outside Tesla Plant Calls For Arrest of Elon Musk (ktvu.com) 137

A small group of protesters "rallied outside Tesla's Fremont manufacturing plant Saturday, calling for CEO Elon Musk to be arrested and jailed," reports a local Bay Area news site: Carlos Gabriel is an employee, and has refused to return to work. "I'm worried for my health," said Gabriel. Gabriel is worried about the spread of COVID-19 and the difficulty of social distancing in the workplace. "I'm very disappointed in the leadership. I'm very disappointed in Elon Musk putting profits over the health of his workers," said Gabriel.

Activist groups United Public Workers for Action and Workers Solidarity Action Network organized the rally outside the plant. "What is going on here today is a travesty," said Steve Zeltzer with Public Workers for Action Advocacy. They accuse Musk of putting workers in harms way by sending them back to work during the pandemic. Zeltzer said, "Elon Musk who is a billionaire has said he is above the law...."

"I think there's obviously a lot of tension between employees and the management there," said Michael Coates, editor of Clean Fleet Report.

One local TV news crew has footage of the small protest. They also quote Tesla as saying they're taking steps to keep workers safe, including providing hand sanitizer, cleaning, and enforcing social distancing.
Businesses

TSMC To Build Advanced Semiconductor Factory In Arizona (yahoo.com) 56

An anonymous reader quotes a report from The Wall Street Journal: Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract manufacturer of silicon chips, is set to announce plans to build an advanced chip factory in Arizona (Warning: source paywalled; alternative source) as U.S. concerns grow about dependence on Asia for the critical technology. The plans come as the Trump administration has sought to jump-start development of new chip factories in the U.S. due to rising fears about the U.S.'s heavy reliance on Taiwan, China and South Korea to produce microelectronics and other key technologies.

TSMC is expected to announce the plans as soon as Friday after making the decision at a board meeting on Tuesday in Taiwan, according to people familiar with the matter. The factory could be producing chips by the end of 2023 at the earliest, they said, adding that both the State and Commerce Departments are involved in the plans. TSMC's new plant would make chips branded as having 5-nanometer transistors, the tiniest, fastest and most power-efficient ones manufactured today, according to a person familiar with the plans. TSMC just started rolling out 5-nanometer chips for customers to test at a factory in Taiwan in recent months. It is unclear how much TSMC has budgeted or if it would get financial incentives from the U.S. to build. A factory capable of making the most advanced chips would almost certainly cost more than $10 billion, according to industry executives.

Books

Can Bookshop.org Save Independent Bookstores? (yahoo.com) 90

The Los Angeles Times recently checked in on Bookshop.org, an online bookseller, as it pulled in its first $1 million to help local bookstores across America (thanks partly to a partnership with Simon & Schuster). "(This milestone) means that we're accomplishing our mission of being a real meaningful support for independent bookstores," said Andy Hunter, Bookshop's founder and CEO. "We're exceedingly pleased with how much we've been able to earn for the stores and many stores are also grateful."

Bookshop, a Certified B corporation, was launched in January with a mission to help indie bookstores, which for years fought to compete with chains like Barnes & Noble and then the online retail giant Amazon. "Our goal is to take the conscious consumers away from Amazon and put them in a channel that supports local independent businesses and keeps bookstores in their communities," said Hunter, which "are really essential to our cultural fabric when it comes to books." Customers can choose to purchase from a specific indie bookstore affiliated with Bookshop or buy directly from the site.

But Hunter doesn't expect to beat the e-commerce behemoth -- only to help its competitors survive: "I expect Amazon will continue to sell more books than us for all eternity. We're not trying to sell more books than them, but we are trying to get customers who care about their downtowns, their quality of life and the world that they want to live in to make a switch."

The article notes that as lockdowns forced nonessential businesses to temporarily close, some bookstores "have turned to Bookshop to keep their businesses running." The Harvard Bookstore even created a special page touting its "Weird History" books.

"Indie stores that sell through Bookshop.org get 30% of every sale," reports the Los Angeles Times. "Affiliate stores that send in referrals also get a 10% commission, compared with Amazon's 4.5%. And for every sale made directly on Bookshop or through a referral, 10% is added to an earnings pool that is then distributed to indie bookstores every six months."
Movies

'Virtual Fistfight' Created With Historic Collaboration of 40 Film Stars (deadline.com) 103

DevNull127 writes: You probably remember Zoe Bell strapped to the hood of a speeding 1970 Dodge Challenger in the Death Proof half of Quentin Tarantino's Grindhouse. (She also had parts in The Hateful Eight and Once Upon a Time in Hollywood.) Today Zoe pulled together what may become a historic video — a massive online collaboration with 40 different film celebrities [and also some stuntpeople] that one reporter called "a stunning display of stunt, editing and acting skills — all put together without anyone collaborating in-person."

Deadline explains:
The most badass actresses and stuntwomen of Hollywood had a full-out, virtual battle royale thanks to actress and stuntwoman extraordinaire Zoe Bell and her video appropriately titled Boss Bitch Fight Challenge. "I'm so bored! I just want to play with my friends!" she proclaims as it is clear she wants to liven things up during her quarantine. What happens next is over five minutes of virtual fisticuffs.

It's a real adrenaline-booster, and Deadline's article also has a complete list of each star appearing in the video.

That list is like revisiting the history of Hollywood action films over the last 20 years. It includes:
  • Lucy Lawless (Xena the Warrior Princess)
  • Halle Berry (Catwoman)
  • Drew Barrymore and Cameron Diaz (the 2000 version of Charlie's Angels)
  • Daryl Hannah (Kill Bill)
  • Scarlett Johansson (Black Widow)
  • Margot Robbie (Suicide Squad)

Watch out for the baseball bat!


The Internet

Pandemic Shows Why .Org Domains Are Important (yahoo.com) 9

The Los Angeles Times published an op-ed by the executive director of Access Now, a global organization that works to protect privacy, free expression, digital security and human rights among internet users. Now that the sale of the .org registry has been blocked, he explains why that matters. As the pandemic has shown, it has been left to civil society organizations, and individual volunteers, to step up and fill the gaps left by governments and corporations. Large organizations such as Doctors Without Borders, the International Red Cross and the United Nations provide direct, immediate support to hospitals and healthcare professionals. Neighborhood and grass-roots organizations have distributed meals and provided accommodation and friendship to the sick and vulnerable. These organizations range in size, mission, effectiveness and reach, but have two elements in common: They're working toward the betterment of society, and their websites end in dot-org...

From downloading government health guidelines to online learning to connecting with isolated friends and family, the internet has become a lifeline. It has become the town square, the hospital and the schoolyard all at once. Now was clearly the time to protect it, not sell it off to private equity.... Private companies cannot be trusted to not "increase the rent" on small organizations. Private companies do not spend $1.1 billion on an internet domain unless there is profit to be made...

What happens next isn't clear. If the Internet Society no longer wants to control the dot-org domain, an alternative will need to be found... To find this special home, we'll need an open process, innovative ideas and committed partners — all of which we've built over the last few, wild months.

Cellphones

Should GPS Also Be Used For Contact Tracing? (trust.org) 110

Reuters reports: Google and Apple have sought to build public trust by emphasizing that the changes they are making to Bluetooth to allow the tracing apps to work will not tap phones' GPS sensors, which privacy activists see as too intrusive. But the states pioneering the apps -- North and South Dakota, and Utah -- say allowing public health authorities to use GPS in tandem with Bluetooth is key to making the system viable...

Apple and Google said on Friday that they still have not decided how to proceed. "I would encourage them to go for the 'and' and not the 'or' solution," North Dakota Governor Doug Burgum said of Apple and Google in an interview late Thursday. "During this new normal, there is a place for having solutions that protect privacy and enable more efficient contact tracing," said Burgum... "What Utah wanted to understand is not just who is spreading [the virus] to whom but also location zones," said Jared Allgood, chief strategy officer for Twenty, the startup which developed Utah's app for an initial $1.75 million. GPS location data allows authorities to decide which businesses may need to be closed because the virus is spreading there, and prioritize which contacts of diagnosed patients to test...

Anonymized GPS location data is already playing a key role in an early version of Care19, an app that about 40,000 people have signed up for in North and South Dakota. Authorities currently ask Care19 users to give them permission for timestamped GPS location data, which allows officials to manually call places where users could have spread the virus and ask for names and numbers of others who may have been there at the same time.

North Dakota's governor suggests that not everyone is concerned about sharing their GPS data. "Some people are completely opposed to an intrusion on privacy," he told Reuters, "but there's a younger generation sharing their location on dozens of apps. There may be a set of people highly social, young and going out to bars who may see this tool as fantastic."

And Yahoo News reports another concern about contact tracing. "Some argue the information should be pushed out to a central server managed by a trustworthy government or health care entity, while others insist that data remain on individual devices."
Medicine

Sheltering in Place Works: New Statistics Show Fewer COVID-19 Hospitalizations In New York, California (yahoo.com) 247

Yahoo News shares an encouraging report from former Newsweek correspondent Andrew Romano: Until very recently, nationwide data about how many COVID-19 patients are currently receiving treatment in hospitals was hard to come by. It's still incomplete and inconsistent. But on April 7, researchers at the University of Minnesota launched the U.S. COVID-19 Hospitalization Tracking Project, which is just what it sounds like: the first effort to capture, track, visualize and compare daily data on the number of COVID-19 hospitalizations from the 37 state departments of health that are reporting this information (so far).

The reason this information is so valuable is simple. Because hospitalization typically occurs a week or so after infection, it's less of a lagging indicator than the death count (which trails by two to two and a half weeks) and more directly tied to the trajectory of the epidemic than the testing-dependent case count. It's also a measure of the most pressing public health concern of all: how close we are to exceeding the capacity of our hospital system, which can make COVID-19 much deadlier than it would otherwise be.

Which brings us to New York and California. Chart each state's hospitalization data over the last seven days or so, and two different narratives emerge. Both are encouraging...

On Wednesday, New York's daily death count hit an all-time high: 799. But that reflects infections from weeks ago, before the state's lockdown started. The number of people testing positive stayed relatively flat. Meanwhile, there were fewer new hospitalizations — just 200 — than on any day since March 18. It wasn't a blip. The amount of new daily hospitalizations has been declining since last Thursday: from 1,427 on April 2 to 1,095 on April 3 to 656 on April 6 to 200 on April 8. (There are some questions about inconsistencies between the data from New York state and New York City, but the trend line is the same.) Previously, the total current number of coronavirus patients in New York hospitals had been increasing by at least 20 percent a day for weeks. Now the overall number of hospitalizations is barely increasing at all...

The good news in New York is that the state might be peaking now. The good news in California is that the state might not peak for a long time — but its path to that peak will be so incremental, its curve so flat, that coronavirus patients will never come close to overwhelming the hospital system.

The numbers do look encouraging. (Click on the "Currently Hospitalized" rectangle and then select each state's two-letter abbreviation from the dropdown menu.) In fact, the San Francisco Bay Area recorded its fourth day of declining ICU patients on Saturday. "Home-sheltering efforts may well be paying off, at least according to the number of hospitalizations and patients in ICU," reports the Bay Area Newsgroup.

And SFGate noted Friday that the statewide hospitalization figures "have also been relatively flat in recent days, with Governor Gavin Newsom expressing guarded optimism after the number of individuals in intensive care units decreased Thursday."
The Almighty Buck

PayPal and Venmo Are Letting SIM Swappers Hijack Accounts (vice.com) 42

An anonymous reader quotes a report from Motherboard: Several major apps and websites, such as Paypal and Venmo have a flaw that lets hackers easily take over users' accounts once they have taken control of the victim's phone number. Earlier this year, researchers at Princeton University found 17 major companies, among them Amazon, Paypal, Venmo, Blizzard, Adobe, eBay, Snapchat, and Yahoo, allowed users to reset their passwords via text message sent to a phone number associated with their accounts. This means that if a hacker takes control of a victim's cellphone number via a common and tragically easy to perform hack known as SIM swapping, they can then hack into the victim's online accounts with these apps and websites.

Last week, two months after their initial outreach to the companies to report this flaw in their authentication mechanisms, the Princeton researchers checked again to see if the companies had fixed the problem. Some, including Adobe, Blizzard, Ebay, Microsoft, and Snapchat, have plugged the hole. Others have yet to do it. Paypal and Venmo, given that they are apps that allow users to exchange money and are linked to bank accounts or credit cards, may be the most glaring examples. Motherboard verified this week that it's possible to reset passwords on Paypal and Venmo via text message.
Fear not, there is a solution. "The easiest way to make it impossible for SIM swappers to take over your accounts after they hijack your number is to unlink your phone number with those accounts, and use a VoIP number -- such as Google Voice, Skype, or another -- instead," reports Motherboard. "Google Voice numbers, given that they're not actually linked to a real SIM card, are much harder to hijack."
Verizon

Yahoo Mobile: the Verizon Phone Plan That No One Asked For (arstechnica.com) 31

An anonymous reader quotes a report from Ars Technica: Remember Yahoo? It's back... in phone-plan form. The Verizon-owned company is trying to get customers excited with a new "Yahoo Mobile" service that combines Verizon's 4G LTE network with Yahoo mail, for some reason. Why even put the word "Yahoo" on a re-branded Verizon data plan? Because the service comes with Yahoo Mail Pro, the ad-free version of Yahoo Mail that normally costs $3.49 a month. Yahoo Mobile also includes "24/7 Yahoo account customer service." Verizon says Yahoo Mobile has "no hidden fees" or "clingy contracts." "We're the only plan that gives you Yahoo Mail Pro for ad-free email across ALL your devices," the Yahoo Mobile website says. (Fact check: True.)

Yahoo Mobile costs $40 a month and provides "unlimited" data, with a caveat. "In times of traffic, your data may be temporarily slower than other traffic," the announcement said. With the more expensive Verizon-branded unlimited service, customers have the option of buying plans with no data slowdowns until they use 25GB, 50GB, or 75GB in a month. With Yahoo Mobile, the speed limits can be imposed any time the network is congested, regardless of how much data a customer has used. Yahoo Mobile also comes with an "unlimited mobile hotspot for use with one connected device at a time," but those hotspot speeds are capped at 5Mbps. The Yahoo plan doesn't have access to Verizon's 5G network, though that's not really a big deal yet. Aside from the Yahoo-specific aspects, Yahoo Mobile is essentially the same plan offered by Visible, a Verizon subsidiary.

The Almighty Buck

Robinhood Glitch Steals From the Poor, Gives To the Rich (yahoo.com) 71

theodp writes: On its Careers page, zero-commission online broker Robinhood explains its founders "decided it was more important to build products that would provide everyone with access to the financial markets, not just the wealthy. Two years after heading to New York, they moved back to California and built Robinhood -- a company that leverages technology to encourage everyone to participate in our financial system." But on Monday, at least, the advantage went to the wealthy. Bloomberg reports that Robinhood suffered an outage that lasted the entire U.S. trading day and prevented customers from making trades as stocks surged after last week's rout (status). Just another reminder that we're all just one technology fail away from chaos.
Businesses

Intuit To Buy Credit Karma For $7.1 Billion, Creating Financial Data Giant (techcrunch.com) 41

Intuit -- the accounting, tax filing and financial planning software giant behind QuickBooks, TurboTax and Mint, confirmed that it plans to acquire Credit Karma -- the fintech startup with more than 100 million registered users, which lets people check their credit scores, shop for credit cards and loans, file taxes and more. "By joining forces with Credit Karma, we can create a personalized financial assistant that will help consumers find the right financial products, put more money in their pockets and provide insights and advice," Sasan Goodarzi, Intuit's chief executive, said in a statement announcing the deal. TechCrunch reports: Intuit said it would pay $7.1 billion for Credit Karma, making this Intuit's biggest-ever acquisition to date, and one of the biggest in the category of privately-held fintech companies. Intuit also announced its quarterly earnings today in which it reported revenue growth of 13% on revenues of $1.7 billion, beating analyst estimates of $1.68 billion. However, it missed analysts' average expectations for earnings per share: it reported non-GAAP EPS of $1, while they were forecasting $1.03.

Intuit plans to keep Credit Karma -- which makes more than $1 billion in revenues annually -- as a standalone operation, run by CEO Kenneth Lin, who cofounded the startup with Ryan Graciano and Nichole Mustard. The acquisition is an obvious fit for Intuit, where it will serve two purposes. Intuit can tap Credit Karma's customer base and range of services -- it partners with some 100 financial service providers in its marketplace -- to complement those it already offers, to help upsell those users to Intuit's premium, paid services. And Intuit can use it to grow its wider business by tapping a set of consumers -- typically younger users -- that Credit Karma has possibly been more successful in capturing than Intuit has.

Power

France Shuts Down Oldest Reactors, But Nuclear Power Still Reigns (yahoo.com) 112

An anonymous reader shares a report from Agence France-Presse (AFP): France will start closing its oldest atomic power plant on Saturday after 43 years in operation, the first in a series of reactor shutdowns but hardly a signal the country will reduce its reliance on nuclear energy anytime soon. Unplugging the two reactors at Fessenheim, along the Rhine near France's eastern border with Germany and Switzerland, became a key goal of anti-nuclear campaigners after the catastrophic meltdown at Fukushima in Japan in 2011. Experts have noted that construction and safety standards at Fessenheim, brought online in 1977, fall far short of those at Fukushima, with some warning that seismic and flooding risks in the Alsace region had been underestimated. Despite a pledge by ex-president Francois Hollande just months after Fukushima to close the plant, it was not until 2018 that President Emmanuel Macron's government gave the final green light.

The first reactor will start being shut down on Saturday and the second on June 30, though it will be several months before they go cold and the used fuel can start to be removed. France will still be left with 56 pressurized water reactors at 18 nuclear power plants -- only the United States has more reactors, at 98 -- generating an unmatched 70 percent of its electricity needs. The government confirmed in January that it aims to shut down 12 more reactors nearing or exceeding their original 40-year age limit by 2035, when nuclear power should represent just 50 percent of its energy mix. But at the same time, state-owned energy giant EDF is racing to get its first next-generation reactor running at the Flamanville plant in 2022 -- 10 years behind schedule -- and more may be in the pipeline.

The Internet

Yahoo and Tumblr Lost 33% of Their Web Traffic in the Past Several Years (fastcompany.com) 50

If there were any major sites that took a web traffic pummeling in 2019 Yahoo and Tumblr would top the list. That's according to a new report from SimilarWeb. The report looks back on key web trends in 2019. Among those trends were some pretty bad news for some sites: 1. Total web traffic is on the rise, growing 8% in 2019 to 223 billion visits per month to the top 100 websites worldwide.
2. Mobile is fueling much of that growth. While desktop web traffic decreased 3.3% since 2017, mobile web traffic shot up 30.6% over the same period.
3. But with the mobile web comes shrinking attention spans. The report says that visitors are spending 49 seconds less on websites per visit than they did three years ago.
4. The top 10 sites took 167.5 billion visits per month in 2019 -- a 10.7% increase.
5. Mobile visits claim the majority of visits made to "vice" sites -- those that involve porn and gambling.
6. The U.S. leads the world when it comes to visiting the websites. In 2019, over 300 billion visits per month to sites were made from America.

China

Will China Seize an American Company's Drug For Fighting Coronavirus? (yahoo.com) 142

"Chinese researchers reportedly have applied for a local patent on an experimental Gilead drug that they believe could help fight the novel coronavirus outbreak -- and also significantly bolster Gilead's bottom-line going forward..." reports The Street. "If granted, Gilead will need to get Chinese patent owners on board when it wants to sell the drug for treating the novel coronavirus infection outside China."

"The move is a sign that China views Gilead's therapy as one of the most promising candidates to fight the outbreak that has now claimed almost 500 lives..." Time reports. "While Gilead's experimental drug isn't licensed or approved anywhere in the world, it is being rushed into human trials in China on coronavirus patients after showing early signs of being highly effective."

But China's move concerns Bloomberg Opinion biotech/pharma columnist Max Nisen: If the patent is granted, it will confirm long-standing drugmaker fears about China's commitment to IP protection, raising concern about the industry's future in a crucial market. It also could further erode the already weak incentives for pharma to invest in drugs to combat emerging infectious diseases... [T]he company could see any potential return on the medication curtailed if China starts manufacturing it.

China's increasingly affluent population represents a huge opportunity for drugmakers. Many are investing heavily in the region despite previous data integrity and sales scandals. Leadership has recently demonstrated a greater commitment to IP rights in its initial trade deal with the U.S., but granting this patent could erode trust in the government and scare off foreign drugmakers.

The consequences wouldn't be limited to declining corporate confidence in China, even if this is a one-time emergency event. The world dramatically under-invests in drugs to combat infectious diseases, and a move like this by the Chinese government wouldn't help. Developing such medicines isn't very profitable, compared to drugs for rare diseases and cancer. That's especially true when it comes to emerging viruses, in spite of the obvious risk. Outbreaks are more common in developing countries, which limits pricing power. By the time a company has managed to get approval for any given drug, often a years-long process, there's a good chance that the outbreak will be over.

Seizing the rights to treatments dents drugmakers' already limited incentive to invest in infectious-disease drugs, let alone spend heavily to develop and maintain the ability to respond rapidly to outbreaks and scale up manufacturing. Without the promise of some kind of return, investment is going to dry up. I'm not a rah-rah pharma guy. The industry often abuses the patent system, especially in the U.S., in order to profit for years off of old drugs to the detriment of patients and the health-care system. Its pricing practices are frequently unconscionable. This isn't one of those situations. It's arguably one of the rare cases where the ability of drugmakers to profit needs to be boosted rather than crimped.

IT

Makers of Basecamp Announce Email Product 'Hey', Open Invites (hey.com) 45

Makers of productivity suite Basecamp have announced Hey, an email product they plan to release this spring. Basecamp founder and CEO, Jason Fried shared the vision for what they are calling a much-improved approach to email in an open letter today on the Hey website: You started getting stuff you didn't want from people you didn't know. You lost control over who could reach you. You were forced to inherit other people's bad communication habits. Then an avalanche of automated emails amplified the clutter. And Gmail, Outlook, Yahoo, Apple, and all the others just let it happen. Now email feels like a chore, rather than a joy. Something you fall behind on. Something you clear out, not cherish. Rather than delight in it, you deal with it. Your relationship with email changed, and you didn't have a say.

So good news, the magic's still there. It's just obscured -- buried under a mess of modern day bad habits and neglect. Some from people, some from machines, a lot from email systems. It deserves a dust off. A renovation. Modernized for the way we email today. With HEY, we've done just that. It's a redo, a rethink, a simplified, potent reintroduction of email. A fresh start, the way it should be. For web, iOS, and Android. HEY is our love letter to email, and we're sending it to you.
Over 12,000 people have requested early access to Hey since yesterday, said David Heinemeier Hansson, founder of Basecamp, and creator of Ruby on Rails.
Facebook

Stephen King, Elon Musk Criticize Social Media Policies (cnn.com) 97

CaptainDork spotted CNN's update about best-selling author Stephen King: "I'm quitting Facebook," the author said on Twitter Friday. "Not comfortable with the flood of false information that's allowed in its political advertising, nor am I confident in its ability to protect its users' privacy...."

His Facebook profile has since been deleted.
King encouraged his fans to follow him on Twitter. But meanwhile... Tesla CEO Elon Musk on Sunday slammed Twitter and Google for the rise in trolling networks and scams via fake bots on both the platforms.... "The crypto scam level on Twitter is reaching new levels. This is not cool," Musk reacted to a follower's tweet. "Report as soon as you see it. Troll/bot networks on Twitter are a *dire* problem for adversely affecting public discourse and ripping people off," he continued.

He also criticised Google for allowing scammers to flourish. "Trolls/bots just need to be deemphasized relative to probable real people who aren't being paid to push an agenda or scam. Google still shows bs/scam pages, they're just several clicks away," Musk stressed.

And elsewhere, criticisms of Facebook and Google continued: in a new interview, venture capitalist and tech critic Roger McNamee specifically singled out Facebook and Google for their roles in spreading disinformation... "[T]hey're the reason we can't fix climate change," McNamee, author of the book "Zucked: Waking Up to the Facebook Catastrophe," said this week on the [Yahoo Finance show] Final Round. "They're the reason why we have an epidemic of measles due to the anti-vaxers. They're the reason why white supremacy and gun violence are on the rise because they empower the most disaffected people in society, and they give them a disproportionate political voice....

"If we want to do something about climate change or gun violence or white supremacy or anti-vaxers, we're going to have to fix Facebook and Google."

Businesses

Tesla Posts Its First Annual Profit (electrek.co) 131

140Mandak262Jamuna writes: Tesla announced its 2019 Fourth Quarter results. "Expectations were high this quarter after Tesla destroyed earnings expectations with surprisingly high profits last quarter. Today, Tesla announced that it made $7.384 billion in revenue and it reported surprising profits of $2.14 per share (Non-GAAP) in Q4 2019 -- over expectations for both revenue and earnings. The automaker continues to improve its financial position with strong results and increased its cash position by almost $1 billion to now $6.3 billion." Stock zoomed in after hours trading and continued to rally today. The short interest tracker S3 Partners reported that shorts lost another $1.5 billion today, as the stock zoomed very quickly on open giving them very little time to cover at anything close to yesterday's prices. According to this report they had $5.6 billion YTD profit last June. They have raked up losses of almost $13 billion dollars since.

The investor conference call revealed nuggets like improved range for dual motor cars, Model Y production starting sooner than expected, the solar side has started growing again, etc. Despite all the headlines about first "profitable" year, technically the company lost money on GAAP basis.

The Internet

ICANN Wants to Let VeriSign Raise Prices on .Com Domains (theregister.co.uk) 68

VeriSign has released a "proposed agreement" with ICANN to amend their exclusive .com registry agreement to allow them to raise the price of dotcom registrations up to 28% every six years.

Those new terms "are now open to public comment" -- and the Register points out that ICANN's decision seems to come with a corresponding $20 million for ICANN: Operator of the dot-com registry, Verisign, has decided to pay DNS overseer ICANN $4 million a year for the next five years in order to "educate the wider ICANN community about security threats."

Even though the generous $20 million donation has nothing to do with ICANN signing off on an extension of the dot-com contract until 2024, the "binding letter of intent" [PDF] stating the exact amount of funding will be appended to the registry agreement that Verisign has with ICANN to run the dot-com registry.

That extension lifts a price freeze put in place several years ago and will allow Verisign to increase prices by seven per cent a year [in each of the last four years of each six year contract renewal]. It's an increase that we calculated was worth $993 million and which the stock market appeared to agree with when it raised the company's share price by 16 per cent when the agreement was first flagged in November 2018...

ICANN explains the $20 million this time will be used to "support ICANN's initiatives to preserve and enhance the security, stability and resiliency of the DNS, including root server system governance, mitigation of DNS security threats, promotion and/or facilitation of DNSSEC deployment, the mitigation of name collisions, and research into the operation of the DNS."

Which is all entirely above board and not at all shady.

Social Networks

Twitter Bans Animated PNG Files After Online Attackers Targeted Users With Epilepsy (theverge.com) 78

Twitter is banning animated PNG image files (APNGs) from its platform, after an attack on the Epilepsy Foundation's Twitter account sent out similar animated images that could potentially cause seizures in photosensitive people. The Verge reports: Twitter discovered a bug that allowed users to bypass its autoplay settings, and allow several animated images in a single tweet using the APNG file format. "We want everyone to have a safe experience on Twitter," the company says in a tweet from the Twitter Accessibility handle. "APNGs were fun, but they don't respect autoplay settings, so we're removing the ability to add them to Tweets. This is for the safety of people with sensitivity to motion and flashing imagery, including those with epilepsy."

Tweets with existing APNG images won't be deleted from the platform, but only GIFs will be able to animate images moving forward. According to Yahoo, Twitter has further clarified that APNG files were not used to target the Epilepsy Foundation, but the bug meant such files could have been used to do so in the future had Twitter not moved to squash it. The attacks on the Epilepsy Foundation's Twitter handle occurred last month -- National Epilepsy Awareness Month -- with trolls using its hashtags and Twitter handle to post animated images with strobing light effects. It's not clear how many people may have been affected by the attack, but the foundation said it's cooperating with law enforcement officials and has filed criminal complaints against accounts believed to have been involved.

AI

Marissa Mayer's New Project is a Suite of Timesaving Apps (fastcompany.com) 74

The Google and Yahoo vet shares a few cryptic details about her new foray into the productivity space with Lumi Labs. From a report: Mayer remains cryptic about the specific types of apps Lumi has under development, and the time frame for their launch. But she will say that Lumi stands to benefit from the kinds of AI breakthroughs that Silicon Valley researchers are making in areas such as teaching cars to drive themselves. This kind of work, she says, is immediately useful for the tools Lumi is devising to automate activities "so mundane and so time-consuming that a lot of people [choose not to] do them." For instance, the company is applying machine learning to certain photo-related tasks such as figuring out whether a particular image "is blurry, whether it's well lit, whether it's one that someone is likely to want to share based on the history of photos they shared in the past."

If Lumi's apps take off, it won't be through the company's use of AI alone. "We want our products to be thoughtful, to feel nice when they're used," explains Mayer, who was once famous for zealously guarding Google's search engine against complication and clutter. She admits that she misses the days when the products she launched reached hundreds of millions of people. But with Lumi, "the hope is to be able to have that kind of impact and scale at some point," she says. "That's certainly what we will be building for."

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